From the Niagara Falls Review:
The future of a proposed $65-million entertainment complex is uncertain after city council removed from Monday’s agenda an agreement on the possible sale of the city-owned property to the developer.
“It’s obviously questionable at this point,” said business development officer Serge Felicetti whose office has been dealing with Andrzej Kepinski, an investor considering a downtown entertainment complex. “He thought we were proceeding forward. He’s going to be very disappointed.”
Mayor Ted Salci said he’s worried council’s decision not to consider the agreement might have “derailed” Kepinski’s plan to build an entertainment complex near the corner of Erie Avenue and Bridge Street. The 4.5-acre city-owned site is now Niagara Falls Transit’s office, garage and yard.
Kepinski and Associates approached the city in June with a proposal for what a city report describes as a “proposed multiplex entertainment complex,” though it doesn’t give much description of what kind of specific entertainment it would provide.
It would draw 300,000 visitors annually, an increase in visitor traffic that would benefit other parts of the city’s economy. The year-round complex would tie in with the Niagara Convention and Civic Centre, giving meeting planners one more reason to bring their conventions to Niagara Falls. Kepinski’s proposal would not contain a hotel. And as a private business, it could generate $218,000 a year in property taxes, the city report states.
Another set of stores in favour of an entertainment complex. Just what Niagara Falls needs.
What stores do you mean Chris? This propoerty is the Niagara Falls Transit garage, which needs to be replaced and relocated. And if ever there was an area that could use redevelopment, this is surely it!!
Drafty, did you read the article or just the snippet Graham posted? Council pulled the item off the agenda after a lawyer for someone who is interested in opening an Outlet Mall complained that they were unaware the property was for sale and may have wanted the opportunity to review that.
Yes I read the article, but I guess I didn’t (and still don’t) understand what you were saying in your original statement. It reads like you thought they are tearing down stores to build an entertainment complex.
Has anyone at city hall done a due diligence on these guys. Are these “investors” credible for this project? Take a good look!